Telangana State Real Estate Regulatory Authority to take action against 700 erring developers
The Telangana State Real Estate Regulatory Authority (TSRERA) has decided to initiate stringent action against those erring real estate builders from the State who have failed to register their projects. From this week onwards, two TSRERA teams consisting of three members each will inspect the real estate projects in the jurisdiction of Greater Hyderabad Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA.
Considerable time was given to builders and promoters to register their projects. However, many of them have failed to respond forcing the TSRERA to take action against them.
Two official teams of TSRERA will inspect Hyderabad city and highway roads like Mumbai, Bengaluru, Nagpur, Warangal, Patencheru and few others where real estate projects (layouts and buildings) were taken up without registration under RERA and initiate action as per provisions of TSRERA Act by issuing notices and imposing heavy penalties on the defaulters.